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Share Name Share Symbol Market Type Share ISIN Share Description
Better Capital Pcc Limited LSE:BC12 London Ordinary Share GG00B4N1RV71 ORD GBP1.00 (2012)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.00 0.50 1.50 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -42.0 -9.6 - 3

Better Capital PCC Limited Reconstruction of the Everest Business

05/06/2020 6:08pm

UK Regulatory (RNS & others)


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RNS Number : 1766P

Better Capital PCC Limited

05 June 2020

Better Capital PCC Limited 2012 Cell

5(th) June 2020

Reconstruction of the Everest Business

The General Partner of BECAP12 Fund LP ("Fund II") has informed Better Capital PCC Limited (the "Company") that through a pre-packaged administration certain of the assets, including the order pipeline of Everest Limited have been sold to a new trading company, Everest 2020.

This has been financed principally by Fund II which has invested GBP3.2m into the creation of the new business. It is likely that the next accounts of the Fund will therefore reflect a material write-down of the valuation of the Everest investment.

This transaction protected over 400 jobs and provides for the completion of existing window and conservatory orders. Installation operations restarted on Monday.

 
  Enquiries: 
 Better Capital PCC Limited 
  Norman Amey                  +44 (0) 1481 742 742 
 
 Numis Securities 
  Nathan Brown                 +44 (0) 20 7260 1426 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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June 05, 2020 13:08 ET (17:08 GMT)

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